Free Farrell, Pennsylvania seller net sheet calculator
Closing costs, transfer taxes and who pays what when selling a home in Farrell, Pennsylvania (Mercer County). The calculator applies the local rates for you.
- Median home value
- $76,200
- Transfer tax on $75,000
- $2,250
- Seller costs on $75,000
- About $5,165
- Median property tax bill
- $1,423 a year
- County
- Mercer County
- Population
- 4,142
Farrell transfer tax
On a $75,000 sale in Farrell, transfer taxes come to $2,250: State realty transfer tax and Farrell realty transfer tax (municipality + school district). By custom the seller pays $1,125 of that and the buyer $1,125. Farrell has its own local transfer tax, so the total differs from the rest of Mercer County, where the same sale would owe $1,500.
| Tax | Rate | Paid by | On $75,000 |
|---|---|---|---|
| State realty transfer tax | 1% | Split 50/50 | $750 |
| Farrell realty transfer tax (municipality + school district) | 2% (total with state 3%) | Split 50/50 | $1,500 |
| Sale price | Seller pays | Buyer pays | Total |
|---|---|---|---|
| $75,000 local median value | $1,125 | $1,125 | $2,250 |
| $250,000 | $3,750 | $3,750 | $7,500 |
| $500,000 | $7,500 | $7,500 | $15,000 |
| $1,000,000 | $15,000 | $15,000 | $30,000 |
Example Farrell seller net sheet
A $75,000 sale, close to Farrell's median home value of $76,200, with a 5% commission and a $45,000 mortgage payoff. Seller costs come to about $5,165, or 6.9% of the price.
| Line | Seller |
|---|---|
| Sale price | $75,000 |
| First mortgage payoff | −$45,000 |
| Real estate commission (5%) | −$3,750 |
| State realty transfer tax | −$375 |
| Farrell realty transfer tax (municipality + school district) | −$750 |
| Settlement / closing fee | −$150 |
| Release / satisfaction recording | −$90 |
| Wire / courier / payoff processing | −$50 |
| Estimated net before property tax prorations | $24,835 |
Who pays what in Farrell
Farrell closings follow Mercer County customs. In Mercer County, the buyer customarily pays the owner's title policy. The settlement fee is paid by each side for its own closing. Closings are usually handled by a title company.
Property taxes in Farrell
The median property tax bill for homeowners in Farrell is $1,423 a year, about 1.87% of the median home value of $76,200 (Census Bureau American Community Survey, 2019-2023). Taxes here are paid in advance, so at closing the bill is prorated between buyer and seller to the closing date. County and municipal taxes are billed in Feb-Mar for the calendar year and school taxes in Jul for Jul-Jun; the seller is credited for prepaid periods.
Rates verified 2026-09-30. Home value and tax bill: Census Bureau American Community Survey, 2019–2023. A net sheet is an estimate; final figures come from the title company.
Farrell seller questions
How much is the transfer tax in Farrell, Pennsylvania?
On a $75,000 sale in Farrell, transfer taxes come to $2,250: State realty transfer tax and Farrell realty transfer tax (municipality + school district). By custom the seller pays $1,125 of that and the buyer $1,125. Farrell has its own local transfer tax, so the total differs from the rest of Mercer County, where the same sale would owe $1,500.
How much are seller closing costs in Farrell?
On a $75,000 sale, close to the median home value in Farrell, with a 5% commission, estimated seller costs are about $5,165 (6.9% of the price). Without commission they are about $1,415. The loan payoff and property tax proration change the final number.
What county is Farrell in, and does it matter at closing?
Farrell is in Mercer County, Pennsylvania. County and state rules set the transfer taxes and recording fees, and local custom decides who pays for title and closing. In Mercer County, the buyer customarily pays the owner's title policy. The settlement fee is paid by each side for its own closing.
How much are property taxes in Farrell?
The median property tax bill for homeowners in Farrell is $1,423 a year, about 1.87% of the median home value of $76,200 (Census Bureau American Community Survey, 2019-2023). Taxes here are paid in advance, so at closing the bill is prorated between buyer and seller to the closing date. County and municipal taxes are billed in Feb-Mar for the calendar year and school taxes in Jul for Jul-Jun; the seller is credited for prepaid periods.
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